INOX Leisure gains on partnering with Bhumika Group

INOX Leisure is currently trading at Rs. 309.10, up by 3.05 points or 1.00% from its previous closing of Rs. 306.05 on the BSE.

The scrip opened at Rs. 309.05 and has touched a high and low of Rs. 309.10 and Rs. 309.05 respectively. So far 49 shares were traded on the counter.

The BSE group ‘A’ stock of face value Rs. 10 has touched a 52 week high of Rs. 382.60 on 31-May-2019 and a 52 week low of Rs. 189.65 on 11-Oct-2018.

Last one week high and low of the scrip stood at Rs. 324.85 and Rs. 302.65 respectively. The current market cap of the company is Rs. 3147.96 crore.

The promoters holding in the company stood at 51.89%, while Institutions and Non-Institutions held 31.91% and 16.20% respectively.

Bhumika Group has signed an agreement with INOX Leisure for its Mall – Urban Square Galleria, Alwar. State-of-the-art 4 Screen multiplexes spread across around 23,362 sq. ft. the area will have a capacity of 736 seats with all modern facilities to offer the best movie experiences in Alwar.

It is expected to be operational by March 2021. This deal is for 19 years tenure to be mutually extended.

INOX Leisure is amongst India’s largest multiplex chains.

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